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TCY Telecity

1,273.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Telecity LSE:TCY London Ordinary Share GB00B282YM11 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,273.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Telecity Share Discussion Threads

Showing 2551 to 2575 of 2725 messages
Chat Pages: 109  108  107  106  105  104  103  102  101  100  99  98  Older
DateSubjectAuthorDiscuss
12/2/2014
15:08
FWIW broker note from Merrill (last paragraph only)

"On headline CY14E EV/EBITDA, the stock is roughly inline with close peer
InterXion. However, in our view Telecity 1) underinvests in sales & marketing, which could lower numbers by c. 8% once addressed, 2) is 1x more expensive when
adjusting for operating leases, and 3) is more exposed to a weak sub-prime London
market, and 4) is likely to see downgrades to Street expectations. We remain at
Underperform, value the stock at 650p, based on a 7% FCF yield in 2015. EQIX is
our top pick in the global data centre sector."

For the full note and observations go to

via con
12/2/2014
14:42
Have you seen the share price today Dreamer !!! Speaks for itself No ??
bigboots
12/2/2014
14:42
Have you seen the share price today Dreamer !!! Speaks for itself No ??
bigboots
12/2/2014
14:42
Have you seen the share price today Dreamer !!! Speaks for itself No ??
bigboots
12/2/2014
14:42
Have you seen the share price today Dreamer !!! Speaks for itself No ??
bigboots
12/2/2014
13:15
Don't listen to anything bigboots says, he's a liar & a cheat.

bigboots stiffed me out of £2,300 for the help I gave him recovering his losses.

If you take his word, you'll regret it.

dream ahead
12/2/2014
10:50
2013 results described as 'good'
- Revenue, EPS and profit all higher
- Numis: 2014 revenue guidance not fully comparable to consensus


Telecity Group saw its shares dive more than 11 per cent in early trading Wednesday after predicting 2014 revenue would be below that forecast by analysts, and despite a good set of results for 2013.

The data centre services company said it expected revenue to be between £355m and £362m at current foreign exchange rates, notably lower than the £369.51m pencilled in by analysts. However, allowing for the impact of certain one-offs - such as some sub-leases ending and currency effects - guidance was little changed, some analysts held.

The group said 2013 had been a "solid" year in which it had delivered good financial results. For the 2013 full-year, revenue leapt 15.1% to £325.6m (2012: £283.0m), with pre-tax profit of £88.44m (2012: £76.15m). The cost of sales rose to £138.9m from £120.2m a year earlier.

Adjusted diluted earnings per share rose 17.7% from 31.0p to 36.5p, while the final dividend was increased by 40% to 7.0p, giving a total dividend payment of 10.5p for the year, up significantly from 7.5p.

During the year, the group entered the new markets of Istanbul, Sofia and Warsaw through the acquisitions of SadeceHosting, 3DC and PLIX.

Chief Executive Officer Michael Tobin said: "Telecity Group made good progress in 2013, with successful entry into three new markets and the delivery of a solid set of results. On an organic basis we opened new capacity across Europe, typically around existing sites, where connectivity is high and we have growing demand from ecosystems of interconnected customers.

"We look forward to capitalising on the opportunities 2014 offers. We will continue to grow the company, with a strong focus on value creation through profitable growth, disciplined capital allocation and returns to shareholders."

The group also revealed it had short-listed a number of "strong candidates" for the position of Chief Financial Officer.

A lot of opportunity for confusion in results

Numis warns that there is a lot of room for confusion in today's numbers out of Telecity, given that guidance is not offered on a complete comparable basis and includes a currency impact. That means that guidance for fiscal year 2014 is in fact "little changed" and disclosure by the company has in fact improved.

On the downside, the broker said the company's guidance for capital expenditures looks "very high". Nevertheless, today's fall in the share price is heavily overdone, they say.

The share price fell 11.16% to 648.50p by 08:40 Wednesday.

mj19
12/2/2014
10:27
Exactly Salpara111 and with a market cap of 1.3 billion, it's not exactly cheap is it.
bulltradept
12/2/2014
08:56
OK now I have a slightly better feel.
The headline figures flatter to deceive in that if the numbers had been shown on a lfl basis, stripping out new capacity, the numbers would have been flat at best and there is a rising churn rate.
Given the fact that the market is sceptical about demand Vs capacity going forward they will have seized on these issues to take a negative stance.
Hence why they keep mentioning capital spending discipline and returning cash to shareholders if they cant put it to work with an acceptable return....this all suggests that the business is potentially going ex growth which would lead to a lower p/e ratio.

salpara111
12/2/2014
08:50
Why did rackspace tanked?
whatgoesupcomesdown
12/2/2014
08:50
I don't buy the clouds ex growth. Can't research right now. I'll look later. Result seems ok on first glance. (I don't know expectations)
whatgoesupcomesdown
12/2/2014
08:46
"Revenue was GBP325.6 million, up from GBP283.0 million in the previous year, but missing consensus forecasts which anticipated revenues of GBP328.6 million."

Only thing I can find....

Took a small S.Bet just now

rhatton
12/2/2014
08:46
Rackspace in the US tanked almost -20% yesterday, so there is probably a bit of follow through from that (IMHO). A bit of sector weakness in general.
itchycrack
12/2/2014
08:40
Agree with you Itchy but think I will wait to see where the price ends up before buying in.
werty5
12/2/2014
08:39
I am actually struggling to understand the size of the drop having re-read the results, does anyone have a rational answer for the pretty large negative reaction?
salpara111
12/2/2014
08:33
Cloud has most definitely NOT topped. As some of you know I own two technology companies, and our cloud business increased by over +340% last year alone! The "Internet of Things" will add billions of devices to the cloud world - this is really only the very start! I've added more this morning on this drop.
itchycrack
12/2/2014
08:28
a p/e of 18 at 640p with growth at 10-15% predicted. Seems like a hefty correction,no FD appointment yet.
silverfern
12/2/2014
08:15
Well, I was waiting for these results, they seem decent on a quick read but clearly I wont be taking a stake for the foreseeable future.
salpara111
12/2/2014
08:15
Dire is one word to describe these results, Cloud looks like its topped
bigboots
12/2/2014
07:42
I think these results are very good. I Wonder what everyone else will think
silverfern
10/2/2014
16:04
Well, a couple of broker notes out this week, sell with price target 600p and buy with 950p... a world apart, proof will be in the pudding on Wednesday, hope Tobin goes the extra mile and proves the doubters to be wrong, looking for a positive forward outlook.
spacecake
09/2/2014
12:14
Been watching for a while, hopefully Wednesday will clarify whether I take a stake or not.
salpara111
31/1/2014
14:57
Search for new FD well advanced...

John Hughes, Chairman, said "The recruitment process for Brian's replacement as Group Finance Director is now well advanced and we will make an announcement as soon as an appointment is made. In the meantime, TelecityGroup's finance function under the direction of Mike Tobin, our Chief Executive, will be covering Brian's areas of responsibilities."

spacecake
29/1/2014
17:46
I wonder if this will pick up ... only two weeks to results.

16th Jan
Telecity Group (LON:TCY)'s stock had its "buy" rating restated by investment analysts at Goldman Sachs Group Inc
23rd jan
JPMorgan Chase & Co. reissued their overweight rating on shares of Telecity Group (LON:TCY)
24th Jan
Barclays reiterated their overweight rating on shares of Telecity Group (LON:TCY)

spacecake
23/1/2014
19:19
Equinix (Nasdaq: EQIX), the global interconnection and data centre company, today announced it will build a new data centre called LD6 in its highly successful London Slough campus in response to consistent demand from customers in the financial services, content, cloud and enterprise segments.
spacecake
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